Work

Does environmental information disclosure affect green innovation?

Year: 2023

Type: article

Abstract: Environmental information disclosure (EID) is a critical element of corporate disclosure that can demonstrate companies’ dedication to environmental protection to stakeholders who are concerned about the environment. Using green patent data of Chinese listed companies, this paper tests the influence of EID on green innovation (GI) and the regulating role of digital transformation. Results show that EID has a positive impact on GI and that the relationship is significantly influenced by corporate digital transformation. Additionally, the moderating effect of digital transformation is more significant with high information opacity, financing dependence, and social attention. This study contributes to the literature on the perspective of firm-level voluntary information disclosure and proposes a more comprehensive logical analysis framework for the effect of EID on GI. Moreover, digital transformation can assist companies in identifying and disclosing environmental information more accurately, which increases the effectiveness of EID. Lastly, the findings emphasize the policy implications of utilizing digital technology for EID and the vital role of government regulation and guidance in EID.

Source: Economic Analysis and Policy

DOI: 10.1016/j.eap.2023.07.011

Authors: Zhiqiang Lu, Hongyu Li

Institution: Ningbo University

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Climate action

Open Access status: hybrid

Estimated APC paid: $2,250